The Bank of Ghana says it will continue to strengthen the supportive structures, including the provision of strong regulatory and prudential oversight to ensure that the payment system is safe, efficient, competitive, and supportive of innovation. Inaugurating an eight-member Payment Systems Advisory Committee in Accra on Thursday, 5 March 2020, Governor of the Bank of …
The Japan International Cooperation Agency (JICA) and National Board for Small Scale Industries (NBSSI) organised the Kaizen Conference for Women under the theme ‘Kaizen as a tool for women’s economic empowerment’. The conference projected the importance of adopting Kaizen for female-owned businesses as a friendly tool for economic empowerment, as well as introduce young female …
The Ghana Interbank Payment and Settlement Systems (GhIPSS) is wrapping up preparations for the launch of the universal QR code next month, Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), has said. A QR code is a two-dimensional code made up of black and white squares that could be …
Globally, the dominance of cash payments continues to decline significantly. According to the 2018 Global Payments Report by McKinsey & Company, e-payment volumes exceeded $3 trillion in 2017 and will more than double by 2022. In Ghana, we have seen an exponential rise in e-payments over the past decade. This burgeoning rise in the ease …
The Ghana Interbank Payments and Settlements System (GhIPSS) says it will in March this year roll out the Universal QR (Quick Response) code for Ghana with an aim to accelerate electronic payment transactions. The move follows an initial system that restricts customers to only deal with their banks at a Point of Sale (PoS). According …
The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) in collaboration with eTranzact, has launched a local payment card “gh-link EMV prepaid and debit card” as part of government plans to promote a cashlite economy. The gh-Link prepaid and debit cards have multichannel capabilities, enabling card holders to use a payment channel that is most …
The Ghana Interbank and Payment Settlement Systems (GhIPSS) has told Citi Business News it exceeded its Mobile Money Interoperability transaction target for 2018. The Mobile Money Interoperability platform recorded 2.2 million transactions at the end of 2018. GhIPSS was however targeting about half the number after Phase One of the platform was launched in May …
Mobile telecommunications giant, MTN Ghana on Friday, trained some judges in the country on the schemes carried out by fraudsters to manipulate mobile money transactions and defraud innocent Ghanaians. The workshop was organized by MTN Ghana in collaboration with e-Crime bureau to enlighten the judiciary with enough information and also show them the various means …
The World Bank has approved a $30 million International Development Association (IDA) credit to support government to strengthen its financial sector stability. The credit is also to help improve inclusiveness for users of formal financial services and the financially excluded, particularly women, rural communities and farmers. “This project will support government’s plan to undertake reforms to deepen financial …
Mobile Money vendors in Upper West have urged other telecoms to explore innovative methods of improving their mobile money services to match MTN’s whose services have been rated as dependable, prompt and superior. The vendors said due to the superior quality services MTN rendered many customers were shifting their grounds and rushing to make deposits …